Ah, what a week it has been for our beloved top 10 coins, each one languishing in the crimson embrace of the red zone as we venture into another week, as reported by CoinStats. Truly, a poetic image of financial despair.
XRP/USD
The mighty XRP has taken quite the tumble, dropping by 4.53% just since yesterday-clearly, it’s not having its best week. Don’t you just love the unpredictability of it all?
Let us examine the hourly chart, where XRP has danced ever so gracefully through a false breakout of its local support at $2.3877. But, fear not, dear reader, for if we do not see a bounce-back before the day’s end, brace yourself for a further correction, possibly all the way down to the humble mark of $2.35. Oh, the drama!
Turning our gaze to the longer-term view, the situation is hardly more cheerful. The price of XRP is edging ever closer to its support at $2.3547. Should this fall be realized, well, one can only hope the energy gathered will provide a suitable crescendo-a more profound decline to the $2.20-$2.30 range. Buckle up, it’s about to get bumpy.
From a midterm perspective, XRP continues its descent after a rather spectacular false breakout of resistance at $2.6624. The price is now far from any significant levels of hope, so we must focus on the candle’s closing action-particularly in comparison with the previous week’s bar. If it closes below $2.40, then prepare yourself for a swift journey to the $2.20 territory. Oh, the suspense!
As of now, XRP is languishing at $2.4133, quietly awaiting its fate in this capricious market.
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2025-11-03 18:12